We will not lose Indian GP: Sameer Gaur

The future of Indian Grand Prix might be uncertain after this year's race but host Jaypee Sports International Limited's CEO Sameer Gaur says the country will not lose the Formula One event and will surely have two more races.

Speculation is rife that Indian fans will see an F1 race for one last time at home when the caravan will arrive in Greater Noida later this month.

However, Gaur assured that they will host five races as per their contract.

"I feel that no one should think that Indian GP will not come. Indian GP will return in 2015. There should be no fears at all," Sameer Gaur, who is also JPSI MD, told PTI.

"The general feeling may be there that we will lose the race but this (feeling) is there maybe because the economy is a bit down. But we will surely host two more races and let's see what happens after five years."

The 2014 edition of Indian GP has been scrapped and the World Superbike round has also been postponed twice.

The WSBK was to make India debut at the Buddh International Circuit in March this year but was later rescheduled for November. However, recently it was postponed again indefinitely due to lack of marshals training.

Asked If JPSI is feeling the heat with the cancellation of two big events, Gaur said there was no such worry.

"We are not worried at all. When you say it is tough time, then only tough people last," Gaur said confidently.

F1 czar Bernie Ecclestone had cited political problems for the scrapping of the 2014 round but Gaur said that was not the case.

"If Indian GP will not be there in 2014, it is for logistical reasons. We wanted to do the 2014 race in October but FIA wanted it in March. For us October is the right time and not March, so we decided to not have a GP next year," he claimed.